IBT Staff Reporter

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Obama's dilemma on Tibet and China

President Barack Obama breaks a precedent of not meeting with the Tibetan spiritual leader Dalai Lama during his five-day trip to Washington, but intends to meet the exiled leader sometime in December after his November Summit with Chinese president Hu Jintao.

Calorie labeling doesn't curb NYC fast food habits

A rule that requires New York City fast food restaurants to post calorie information on their menu boards has not changed consumer habits in low-income neighborhoods, according to a study published on Tuesday.

Gmail, Yahoo, AOL also hit by e-mail phishing scheme

Google's Gmail and Yahoo's Mail were also targeted by a large-scale phishing attack, probably the same one that attacked at least 10,000 passwords from Microsoft's Windows Live Hotmail, according to a report by the BBC.

Gold sets record high above $1,040 per ounce

Gold surged to a record high above $1,040 per ounce on Tuesday, as investors piled into the metal to preserve the value of their dollar-denominated assets against erosion by a weakening dollar and inflation.

Jackson, Beatles bring Help to music business

Renewed interest in the Beatles and Michael Jackson slowed the decline of U.S. album sales in the third quarter, although the industry is still on track to fall for the eighth time in nine years.

BlackRock bullish on U.S. stocks

Fund manager BlackRock remains bullish on stocks, particularly in the United States and in emerging markets, forecasting U.S. equity markets will offer annual returns of 6 to 8 percent over the next several years.

Notebook PCs outpace weak back-to-school sales

While most retailers saw bleak sales this back-to-school season, consumer electronics chains saw renewed demand for notebook personal computers, according to a report from market research firm NPD Group.

Consumer credit expected to keep falling

U.S. consumers, who have been cutting their use of credit from all-time highs last year, are likely to keep reducing commitments if the trend continues in the latest report for August due tomorrow from the Federal Reserve.

Madonna wins damages in UK over wedding pics

Madonna won substantial damages from a British paper on Tuesday for breaching her privacy and infringement of copyright by publishing purloined photos of her 2000 wedding to film director Guy Ritchie.

Verizon to sell 2 Google phones this year

Verizon Wireless said on Tuesday it will sell two mobile phones with Google Inc's Android operating system this year, part of a partnership that could boost Google's efforts to challenge Apple Inc in the fast-growing smartphone market.

Congress told to toughen up broker standards

Broker dealers must be held to a higher standard if they provide financial advice to clients, regulators told lawmakers on Tuesday as Congress weighs changes to the U.S. financial regulatory system.

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